In Which Decade Did the Use of Nominal Anchors and Explicit

question 44

Multiple Choice

In which decade did the use of nominal anchors and explicit targets begin to be common in many nations?

• A) the 1960s
• B) the 1970s
• C) the 1980s
• D) the 1990s

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Definitions:

The Wealth of Nations

"The Wealth of Nations" is a seminal book by Adam Smith, where he examines the nature and causes of the wealth of nations, laying the foundations of classical economics.

Adam Smith

A Scottish economist and philosopher, considered the father of modern economics, best known for his work "The Wealth of Nations."

Efficient

The characteristic of maximizing output or effectiveness with the least waste of time, resources, or effort.

Opportunities

Chances or circumstances that allow for growth, development, or success in various areas such as business, personal life, or education.